Mixed-Use Property with Shop
34246 Frontage Road, Bozeman, MT 59715
For Sale
$1,775,000
Greenhouse, office, residential space, and two former greenhouse pad sites provide a varied property configuration.
Property Size11,662 SF
Lot Size2.00 Acres
Price / SF$152.20
Days on Market49
Property Features for 34246 Frontage Road
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Highway Access
Heavy Power
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
McKenna Adams Commercial
(406) 587-0792
Listed By:
Katie Adams · License MT RRE-BRO-LIC-56423
(406) 581-7562
Source:
Outlaw
Added: Sep 26
Changed: Nov 13
Last Checked: Nov 12 at 5:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McKenna Adams Commercial
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Investment Insights
Based on property information with market context.
This 2-acre mixed-use property brings together an 8,128 SF shop, a 2,302 SF greenhouse, and a 1,232 SF house/office. Two additional pad sites from former greenhouses account for another 8,000 SF. Heating systems vary by building: the older main building has radiant heat, newer additions have wall-mounted heaters, the house uses hot water baseboards, and the apartment has electric baseboard heat.
The property is 3.8 miles, or about a 6-minute drive, from Main Street Bozeman and has access to I-90. Its buildings and remaining greenhouse pads are arranged across the acreage, with shop, greenhouse, office, and residential space represented on site.
The property is 3.8 miles, or about a 6-minute drive, from Main Street Bozeman and has access to I-90. Its buildings and remaining greenhouse pads are arranged across the acreage, with shop, greenhouse, office, and residential space represented on site.
Key Highlights
- 2‑acre property with 8,128 SF shop building
- 2,302 SF greenhouse
- 1,232 SF house/office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,411
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,208,220
$3.2M
Cap Rate 7%
$2,291,586
$2.3M
Cap Rate 9%
$1,782,344
$1.8M
Market Conditions
NOI Build-Up for 11,662 SF
Gross rent
$279.9K $24.00/SF
− Vacancy
−$23.2K −$1.99/SF
EGI
$256.7K $22.01/SF
− OpEx
−$96.2K −$8.25/SF
NOI
$160.4K $13.76/SF
Area
Gallatin County, MT
Vacancy
8.30%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,208,220
Cap Rate 7%
$2,291,586
Cap Rate 9%
$1,782,344
Alternative Uses
Best Use
Mixed Use
$2.29M
$2.01M – $2.67M
NOI $160,411 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.05M
$2.66M – $3.55M
NOI $213,163 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 59715, MT
37,286
Population
17,116
Households
2.2
Avg Household Size
30
Median Age
68%
College-Educated
98%
High-School Grad
294.9 sq mi
ZIP Area
126
Density / Sq Mi
$85,000
Median Household Income
$31,646
Median Earnings
$1,376
Median Rent
$755,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Greenhouse, office, residential space, and two former greenhouse pad sites provide a varied property configuration.
Where is this mixed-use property located?
The property is located at 34246 Frontage Road Bozeman, MT.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: 2‑acre property with 8,128 SF shop building; 2,302 SF greenhouse; 1,232 SF house/office
